The cost of curtailing wind generation in 2021 hit a record high, costing Britain £507 million.
If the UK meets its expanded renewable and nuclear targets, the country will have an oversupply of electricity more than half of the time by 2030, creating significant opportunities for flexible demand.
Consultancy firm Lane Clark & Peacock (LCP) has acquired energy research and consulting firm Delta-EE, expanding its coverage to include the downstream energy sector.
Battery storage participation in the Balancing Mechanism has “increased massively” while a hybrid approach to trading that sees assets dipping in and out of Dynamic Containment is becoming more common.
Capacity Market set to 'come into play' for battery storage asset owners as investment in long-duration increases
Investors are increasingly turning attention to the Balancing Mechanism and Capacity Market for future long-duration battery storage revenue streams, with new research from LCP suggesting batteries can play a larger role in both.
The T-4 Capacity Market auction has cleared at a record high of £30.59/kW/year, due largely to the decommissioning of old assets and higher capacity needs.
The top ten most expensive days in the Balancing Mechanism (BM) ever have occurred in the last three months, as costs soar to £967 million.
Power prices in Britain have spiked dramatically, with day-ahead auctions clearing at £731/MWh for today's evening peak amidst what industry analysts have labelled a "perfect shoulder month storm".
Industry urges government to set 'clear ambition' for green hydrogen in mixed bag of Hydrogen Strategy responses
Current± has compiled the responses of leading industry figures to the government's Hydrogen Strategy, released yesterday.